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FOX Business
Nov 26, 2012 7:00pm EST
and their respective parties in debating and discussing solutions to the fiscal cliff. president obama organizing a campaign to persuade voters that his plans for higher taxes on the wealthy are the right path forward. leading republicans creating consternation within their own party does they reversed themselves from taxes and seemingly the president's ideas of increases, a growing number on the right rejecting their no new taxes pledges and instead are now claiming the grover norquist is the real problem in washington d.c. fox digital politics center is here with us tonight as is the daily caller stalker carlson. egyptian leader declaring new powers for himself, claiming he won't be just another dictator. just a week ago praised by the obama administration for brokering a ceasefire in gaza, and now the white house is silent on the more -- coupe. middle east expert professor hoover institute senior fellow "wall street journal" as columnist among our guests here tonight. we begin with the president's broad based strategy to conduct our right class warfare against the republican party on the issue
FOX
Nov 26, 2012 2:00am PST
mccain. it is a fox news sunday exclusive. >>> then, with the loom fiscal cliff, is it casting a shadow over shoppers and investors this holiday season? visions of bargains are dancing inned the of consumers but will the possibility of higher tax slow them down? we'll talk with matthew shay of the national retail federation and john sweeney of fidelity investments. plus the holiday is over and the white house and congressional leaders try to make a deal. we'll ask our sunday panel if negotiators can reach a compromise to avoid the fiscal cliff. and a thanksgiving tradition, our power player of the week has me dancing with turkeys. all, right now, on fox news sunday. ♪ >> chris: and, hello again, from fox news in washington. on this holiday weekend, we are watching several major foreign policy developments from egypt, to gaza. to the continuing controversy over the benghazi attacks. here to talk about it all is senator john mccain, and, senator, welcome back to fox news sunday. >> thank you, chris, dancing with turkeys? >> chris: you have to wait until the end of the show to s
CNBC
Nov 21, 2012 7:00pm EST
that was very premature about the fiscal cliff. we still see little or no movement on a deal. president obama might want higher rates and cap on reductions for more tax revenues. that could be a deal-breaker and the markets won't stand for long while nothing gets wrong. i don't want to be overly pessimistic. i'm trying to be realistic. i'm reporting what i'm hearing. but stocks did rise a bit on news after cease-fire between israel and whhamas. is israel snaf particularly when we know that palestinians and gaza may just rest unand rearm for the next round? >>> finally as you head out into the thanksgiving traffic, ask yourself where president obama still hasn't given the green light to the keystone pipeline that would give us jobs and energy n independence? now a truly bipartisan group of senators is telling the president to make a decision right now. first up this evening, this is the big question. will we get a deal done or might president obama just let us go right over the fiscal cliff, take the recession, and simply blame the gop? this is a serious question that i'm hearing from washingt
CNN
Nov 26, 2012 1:00pm PST
people here in washington are calling the fiscal cliff. today, we have new proof that people across the country not only are aware of what's going on, they're very, very worried. our new poll shows 68% say the country will face either a crisis or major problems if the cuts in taxes aren't avoided. and a whopping 77% say their personal financial situation will be affected by a failure to solve the fiscal cliff problem. despite this nationwide sense of urgency, there's only a little talk of compromise right now as lawmakers return to washington. our congressional correspondent, kate bolduan, has been working her sources on capitol hill and what's going on. stakes are enormous right now. what's going on? >> they were away for a week. staff was supposed to be working. but lawmakers are arriving back in town with no real whisper of an imminent breakthrough at the moment to avoid this looming series of tax increases and spending cuts that could very well damage the economy. but the air of compromise among some notable republicans is definitely grabbing attention. the republicans' comments
FOX Business
Nov 20, 2012 7:00pm EST
investors no favors real acquainting them instead with the scary parts of the fiscal cliff story. the federal reserve chairman spooking investors saying that the bank would not have infinite ability to address the fallout from the failure to avoid going over the so-called fiscal cliff. the dow jones industrial today losing seven points, s&p, nasdaq up fractionally. president obama returned to the white house after a three day trip to -- through southeast asia with stops in cambodia, thailand, and burma. the president takes part in a yearly presidential tradition. the parting of the national thanksgiving turkey in the rose garden. the prime minister of israel reiterating tonight that the cease-fire deal has been reached he told reporters that israel will take whatever action is necessary to defend its people but stated a diplomatic resolution would be preferred. joining as, fox is national-security analyst, former ambassador to the united nations. let me turn to you first. is it your sense that a deal has been reached between hamas and israel? >> because israel has accomplished th
FOX News
Nov 26, 2012 3:00pm PST
anything to avoid it. i'm referring to the so-called fiscal cliff. you may have heard about it. it's the simultaneous convergence of tax increases and spending cuts designed to pressure lawmakers accepting other negotiated deficit reduction changes. it includes expiration of the bush era tax cuts that would effect everyone. expiration of the tax cut around for years can be called a tax increase. the nonpartisan budget office would bring in $1 trillion in ten years. on tap, 1.2 trillion in spending cuts for ten years. $100 billion in first year. half to defense programs. half to nondefense. cbo says going off the cliff would lead to a recession next year. we have fox team coverage tonight. ed henry is trying to read tea leaves on a day of mixed signals from all sides but we begin with mike emanuel on the possibility that g.o.p. lawmakers may put their oath of office above a promise to antitax increase organizer. good evening. >> good evening. the republican sources say they are offering a balanced approach of significant spending cuts and some revenue without boosting tax rates. >>
FOX News
Nov 28, 2012 6:00am PST
approach on the fiscal cliff, saying the elect is over. it's time to stop campaigning and start talk. some republicans are telling the president, show us your hand. martha: not over the cliff yet but perhaps headed there. good morning. i'm martha maccallum. the minority leader mitch mcconnell called the president out for what he says is a campaign-style blitz instead of negotiations between both sides. >> rather than sitting down with lawmakers and working out an agreement he's back on the campaign trail. we are not going to solve this problem by creating villians and drumming up outrage. >> he will be out trying to i'm sure zero in on those states represented by members of the house and the senate to try to get public support. bill: democrats upping the ante, looking to raise taxes, protect entitlements and raise the debt ceiling all at the same time. stuart varney, hello, there, sir. you think there has been a shift in those negotiations. >> i don't mean a shift in position. i mean a shift in focus, what they are focusing in on on the last couple days it's been taxes now it seems to be w
FOX News
Nov 28, 2012 4:00pm PST
the fiscal cliff? >> everybody agrees. >> going over the fiscal cliff will hurt our economy and will hurt job creation in our country. >>er -- every family in america will see their taxes automatically go up at the beginning of next year. >> shepard: so how to avoid that. >> the president and congress will either fail together or we will succeed together. >> there has to be a deal. there has to be an agreement. >> and if they can't come up with a compromise, we are all going to pay the price. plus, they are some of the biggest names in baseball. bonds, clemens, sosa. all three tainted by accusations they used performance enhancing drugs. but should that keep them from cooper's town? tonight, the great debate over baseball's hall of fame ballot but first from fox this wednesday night, the president hopes who have the framework of a deal to avoid the so-called fiscal cliff by christmas. president obama says he would like congress to pass a bill even sooner to extend tax cuts for the middle class families. and he invited some of those middle class americans to the white house today to help make
CBS
Nov 28, 2012 4:00am PST
to avert the so-called fiscal cliff, those are the tax increases and spending cuts that will take effect next year. republicans and democrats continue to squabble over raising taxes and sparing entitlement programs like medicare and medicaid. today the president discusses the issues with leaders of major corporations. he met with small business leaders yesterday. susan mcginnis is in washington. >> reporter: while the two sides remain deadlocked president obama is taking his case to the american people trying to drum up support. republicans are complaining that instead of being out campaigning he needs to sit down with them and work out a deal. it's a short drive up pennsylvania avenue from the capital to the white house but congressional republicans and president obama are getting farther apart in their effort to keep the nation from veering off the so-called fiscal cliff. a series of tax hikes and spending cuts due to kick in at the end of the year. >> seems like our friends on the other side is having difficulty turning off the campaign. >> reporter: the white house says the campaign
CNN
Nov 28, 2012 1:00pm PST
in that cabinet meeting. he says they're going to talk about hurricane sandy, the fiscal cliff, some national security issues. but to your question, we already know that secretary of state clinton plans to depart treasury secretary geithner and even defense secretary leon panetta has made it clear he would like to leave within the year. the current white house chief of staff still considered the odds on favorite to get the nod to become the next treasury secretary from the president. it's believed he has the greatest chance here it's believed of getting senate confirmation. that leaves open the job of white house chief of staff. and i'm hearing that among the names that are being considered for that role are ron clay, the man once biden's chief of staff and did himself i'm told a great service in president obama's debate prep despite that bad first debate the president takes responsibility for it, does not blame mr. clain. and another name i've heard floated is dennis mcdunna. earned the great respect and admiration of the president. a young man not often considered in that light but the pres
CNN
Nov 28, 2012 9:00am PST
-called fiscal cliff. let's listen in. >> it would be good for our children's future and i believe that both parties can agree on a framework that does that in the coming weeks. in fact, my hope is to get this done before christmas. but the place where we already have, in theory at least, complete agreement, right now, is on middle class taxes. and as i've said before, we've got two choices. if congress does nothing, every family in america ll see their tacks automatically go up at the beginning of next year. starting january 1st, every family in america will see their taxes go up. a typical middle class family of four would see its income taxes go up by $2200. $2200 out of people's pockets. that means less money for buying grocery, less money for filling prescriptions, less money for buying diapers. it means a tougher choice between paying the rent and paying tuition and middle class families just can't afford that right now. by the way, businesses can't afford it either. yesterday i sat down with some small business owners who stressed this point. economists predict that if taxes go up on
NBC
Nov 26, 2012 4:00am PST
cautious, concerned about the economy and the gridlock in congress over the fiscal cliff. >> they're going to be pulling back a little because they don't know what to expect for 2013 and they want to remain cautious as we move forward into the next year. >> kristen dahlgren reporting. congress returns to work this weekend, stim facing that so-called fiscal cliff. if a deal can't be reached by january 1st, americans would face half a trillion dollars more than in taxes next year. that's coupled with $100 billion in cuts to domestic and defense spending. since the reagan era, most republicans have pledged not to raise taxes. but as nbc's mike viqueira reports, there are some signs of flexibility on both sides of the aisle. >> reporter: it's a pledge almost all republicans have signed, to oppose tax increases of any kind. that once solid wall was showing cracks. >>> the pledge you saw 18 years ago, 20 years ago was for that congress. the world has changed and the economic situation is different. >> reporter: but republicans insist in return for defying party doctrine, democrats must agree to
FOX News
Nov 26, 2012 6:00am PST
of a compromise as we head for the fiscal cliff? senator lindsay graham, one of the latest high-profile republicans that says he will break the longstanding pledge regarding taxes and says he will do it for the country, but only if democrats are willing to make reforms on entitledment programs, medicare and medicaid and social security. that is big if. good morning, hope your turkey was great. martha: good morning, everybody, i'm martha maccallum. you've got this. congressman peter king and now senator bob corker say they will ignore the decades old pledge that was signed by 241 house members and senators. he says he believes it is a huge game-changer. >> when you're $16 trillion in debt the only pledge we should make to each other is to avoid becoming greece. republicans should put revenue on the table. we're this far in debt. we don't generate enough revenue. capping deductions will help generate revenue. raising tack rates will hurt job creation. bill: this is the heart of the matter. stuart varney, host of "varney & company". morning to you, sir? >> this is a real shift. one
CNN
Nov 26, 2012 11:00am PST
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CNN
Nov 26, 2012 8:00pm PST
the fiscal cliff. the left and right are talking compromise. what does it mean? mike lee is out front. >>> and susan rice headed to capitol hill to meet with her most outspoken critics, including john mccain to answer questions about what happened in bengha benghazi. let's go outfront. >>> good evening. "outfront" tonight, egypt on edge. is a new dictatorship on the horizon? tonight, president morsi clarified, but really largely stood by his decision to grant himself sweeping powers. including freedom from judicial review for what he's calling presidential decisions. the announcement was made today after morsi met with members of egypt's judicial body, which has been very critical of his decision. and u.s. officials who just days ago were heaping praise on the new egyptian leader for his role in initiating a cease-fire between israel and hamas, well, now when he took all these powers away from judges that reign supreme, they're in a tough spot. >> we have some concerns about the decisions and declarations announced on november 22nd. democracy depends on strong institutions and the imp
FOX Business
Nov 21, 2012 11:00am EST
act together on the fiscal cliff, taxes for the vast americans will go out. 90% of households in this country will pay higher taxes if the u.s. goes off that cliff. with low income families among the hardest hit. connell: charlie wrangle, congressman from new york, he is here in studio with us. >> we have to get a deal done. it would be irresponsible for congress to go forward. most people do not know that the break that they are getting is temporary. it expires december 31. do nothing and the rates automatically go up. what about the severe cuts that we will have in the budget. this is a nightmare that we created that never should have happened. now it is on the brink of happening. in my opinion, will it happen, no. we have the option to do something justice and responsible. that is kicked the whole thing off to next year. believe me, the country is facing such a terrible crisis. dagen: even if they broker a short-term deal, it goes for six months, what about the hope of overall tax reform? isn't that better to get a short-term deal and then do something more sweeping and per
CNN
Nov 26, 2012 4:00pm PST
on their plate. we're not talking about turkey. we're talking about the fiscal cliff. one of the urgent matters this lame duck congress needs to address before the end of the year and even though the tax increases are going to take effect in 36 days, there's still only talk of a compromise, so can congress actually walk the walk or are we going to go off this cliff? up next, mike lee of utah. really appreciate you taking the time. you wrote an op-ed in the washington times and said quote, delaying significant fiscal restraint will send the wrong signal and may serve as taping point for our economy. so you're fear is that interest rates could surge. to be father, we've had this disastrous situation for years and interest rates have kept falling in spite of all worries that there would be a disaster. >> that's right. that's one of the things that distinguishes the fiscal cliff, which we're coming up against right now. from what i described yesterday says the fiscal avalanche. we can see when the fiscal cliff is about to hit. the avalanche occurs when people stop buying u.s. treasury instruments a
CNN
Nov 28, 2012 2:00am PST
over the entitlement programs should be waged after the new year once the fiscal cliff issue has been settled. >>> six minutes past the hour, new storms rolling into the northwest this morning. and that could cause dangerous flooding. alexandra steele is live in atlanta for us. what's going on? >> hey, good morning to you guys. we've got one storm that's gone and one storm that's a massive storm incoming. so let's start with this, all you guys in new york city had snow, for sure, but right now we certainly don't. this has all moved offshore. this was just the rain, but what was left behind? actually black ice there this morning. places like new jersey, six inches of snow. chester, new jersey, five. you can see sunbury, pennsylvania, three. 2 1/2 in mill brooke. the hudson valley and portions of connecticut are seeing black ice as a factor. take it slow, especially the elevated surfaces with temperatures so cold. story number one. story number two, a mammoth storm, this is the water vapor. what you need to see with this is look at this huge trough off the coast. all this moisture is po
CNN
Nov 28, 2012 11:00am PST
as we get word of a major development here and talks over the so-called fiscal cliff. we'll have that in a moment. plus, ta-da, get your tickets out. tonight, the powerball jackpot hitting a record and this hour president obama getting ready to hold his first cabinet meeting since being re-elected. and keep in mind, some members of that cabinet, they will not be there for long. but first, the fiscal cliff battle here that landed in your lap today. president obama, even wants you to tweet about it. the president went full court press asking americans to pressure congress to keep middle class tax cuts for families earning $250,000 or less. >> it is too important for washington to screw this up. now is the time for us to work on what we all agree to, which is let's keep middle class taxes low. tweet, use the hashag my2k or e-mail, post it on a member of congress' facebook wall, do what it takes to communicate a sense of urgency. i'll sign this bill as soon as congress sends it my way. i got to repeat, i've got a pen. i'm ready to sign it. so -- >> the president wants republicans to
MSNBC
Nov 26, 2012 1:00am PST
obama term in office? the economy, the fiscal cliff talks, the president's priorities in the next four years. our roundtable is here. david brooks of "the new york times." msnbc's reverend al sharpton. former ceo of hewlett-packard carly fiorina >> historian and film maker ken burns. and nbc chief foreign affairs correspondent andrea mitchell. and we'll here from representative gregory meeks this morning as we check in on some of the hardest-hit victims of hurricane sandy and see how they offered thanks this weekend while surrounded by destruction. >>> from nbc news in washington, the world's longest-running television program, this is "meet the press." with david gregory. >>> president obama doing his part for the economy over the weekend out holiday shopping as part of small business saturday, picking up several children's book at an independent bookstore iypÑarlington. >>> meanwhile, uncertainty in the middle east. more clashes in egypt over the weekend as police use tear gas this morning to disburse protesters in cairo. i want to start there. we have "new york times" columnist dav
PBS
Nov 28, 2012 3:00pm PST
. >> brown: washington was a-whirl today with more talk of avoiding the much-discussed fiscal cliff. but as november wound down, the president suggested an agreement on taxes and spending could come in time for the holidays. >> i believe that both parties can agree on a frame work that does that in the coming weeks. in fact my hope is to get this done before christmas. >> you know me, i was born with the glass half full. i'm an optimist. >> brown: hopeful signs emanated from the white house and the capitol today, about getting a deal before the new year brings automatic tax hikes and spending cuts. president obama offered his optimism at an event with middle-class americans who'd be hit by any tax increase. >> i'm glad to see-- if you've been reading the papers lately-- - that more and more republicans in congress seem to be agreeing with this idea that we should have a balanced approach. so if both parties agree we should not raise taxes on middle class families, let's begin our work with where we agree. >> brown: one such lawmaker is republican house member tom cole of oklahoma. t
FOX News
Nov 28, 2012 3:00am PST
have an admiral pass in my pocket. who is with me. meanwhile, we have a fiscal cliff to climb. her meetings with senators mccain and graham and ayotte created more questions than answers. ambassador susan rice taking her case to two more republicans today. peter doocy has more. >> you are right, brian. ambassador rice will meet with susan collins from maine and bob corker from tennessee . ahead of his meeting that what worries him most about ambassador rice she may be more concerned about delivering the party line than pressuring the administration when it might be off base. three other republican senators met with the embattled ambassador and that meeting did little to quiet their harsh criticism of her job performance. >> i am more concerned than i was before that the 15th of september explan of how four americans died in benghazi, libya. >> why she wouldn't have asked i am the person who doesn't know about this and going on every show. it is not only the talking points unclassified but part of her responsibility as the ambassador . united nations she reviewed more than that. >>
PBS
Nov 26, 2012 4:00pm PST
cuts at the end of this year. it is what is known here as falling off the fiscal cliff. despite warnings, the global consequences -- and the global consequences of falling off that cliff, can washington he managed -- can washington manage it? thank you for joining me. the markets are looking in america and wondering whether politicians will be able to avoid this fiscal cliff. are things headed that way? but i think eventually they will. the good news -- >> i think eventually they will. the good news is that it is more like a fiscal beach. it is not like the debt ceiling. it is not a sudden that situation. there is a bit more flexibility. but one of the issues emerging is what the attitude of richer americans will be and whether they will accept the need to pay higher taxes. you probably read, as i did today, a very interesting op-ed by warren buffett, who points out that early in his career in the 1950's and 1960's when he was making a lot of money, the tax rate was many times higher than it is today. he is calling on rich americans to pay up. >> is warren buffett and out liar i
Current
Nov 20, 2012 5:00pm PST
means a new day and a new deal on the fiscal cliff. robert reich joins us coming up ahead. the first 1,000 days of human life can cause irreparable harm to our brains and our bodies. that's why "current" has partnered with "1,000 days" to help spread the word & combat a problem that ultimately effects all of us. to see how you can help go to current dot com. brought to you by the all new dodge dart. dodge - new rules. >> eliot: how does hp make a mistake this big and i mean big! our number of the day $8.8 billion! that's how much hp says it overpaid for british software company. last year, hp bought autonomy for $11.1 billion. today hp announced that oops,oomi is -- autonomy is worth a fraction of that. autonomy misrepresented its finances. but if hp got hoodwinked, how? how could they miss something they claim is that big. autonomy was audited by deloitte and it was audited by kpmg, two of the big four accounting firms. they didn't notice anything? really? this sale involved a list of banks and law firms on both sides of the
PBS
Nov 26, 2012 6:00pm PST
, and businesses tend to be more worried about things like the fiscal cliff, they're more worried about the troubles in europe, they're more worried about the slowdown in china. you do have the disconnect. the big concern is which way is it going to go? who is going to win this tug-of-war? so far it's the consumer but let's hope it's not the other direction because as i said, let's hope that the businesses will eventually come around to thinking about things the way consumers are. . >> brown: nancy cohen, i want to come back to you on the question of online shopping and the changed landscape. does the rise of online shopping have a real impact on the economy or is it sort of shifting, transferring, where people buy their things? >> well, that's a very open question, partly because this is so new. the marriage and the magic of online plus brickes and mortar. i mean, there's no question people are visiting online web sites more often than they do stores. whether that adds up to incremental organic growth is a question we just don't know. remember, we're starting with all online sales from
CBS
Nov 27, 2012 5:30pm PST
that is going to affect your taxes in just 34 days. that is the so-called fiscal cliff: automatic tax increases and federal budget cuts that will be imposed unless president obama and congress can make a deal on budget reform. not even everyone in the president's own party is with him on this and nancy cordes is on capitol hill for us tonight. nancy? >> reporter: scott, a rift has opened up between the white house and liberal democrats over what should be on the table in these talks. some democrats even say they're willing to let all the bush tax cuts expire, at least temporarily, even if they don't get the deal they want. senator patti murray of washington state is one of them. she says negotiations should focus far more on raising tax revenue than cutting spending. republicans are calling democrats like you "thelma and louise" democrats because you've expressed a willingness to go off the fiscal cliff. >> i'm willing to take a very tough stand and say to those on the other side that we are not going to accept an unfair deal that hurts middle-class america today and protect the wealthiest amer
CSPAN
Nov 27, 2012 1:00pm EST
coburn about the fiscal cliff, affordable care act and the future of the republican party on book tv's "in depth." the senator has written several books and reports including the latest, "debt bomb." join us with your calls, emails, tweets for senator tom coburn live sunday at noon eastern on book tv's "in depth" on c-span2. >> and over at the white house today, the president's resolving with fiscal cliff issues, he's meeting with business owners. the president and vice president will visit with the president-elect of mexico, enrique pena nieto. u.s. house coming in momentarily. back from the thanksgiving break. they'll come in for short speeches in just a moment. later this afternoon they'll begin work on five bills one of which would require the department of homeland security to report annually on border security and illegal immigrants. votes at 6:30 this evening. later this week they'll be working on a proposal for a new visa proposal for foreign students, foreign college students taking advanced degrees in science, engineering and math. off the floor this week democrats will ele
CNN
Nov 20, 2012 4:00pm PST
-searching is getting serious. a naval gaze of all naval gazes. and chairman ben bernanke on the fiscal cliff. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. just unroll it, fill, top, bake, and present. that must have taken you forever! it was really tough. [ female announcer ] pillsbury pie crust. let the making begin since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ remin
NBC
Nov 26, 2012 3:00am PST
's bring it back home, and the fiscal cliff talks that are going to begin this week. as chairman of the armed services committee, of course, all of these defense jobs that are imperiled by what's called sequestration, meaning automatic spending cuts, half of which would come from defense, you're talking about $50 billion a year starting in january for 10 years unless this deal is averted. by the deal, i mean the automatic cuts that were agreed to to raise the debt ceiling before. if i have a defense job, how worried should i be? >> well, i think you should be worried if you have a defense job, but we all ought to be worried whether we are dependent upon other aspects of the federal budget. whether you're worried about the regulation of our food safety, whether you're worried about our borders being secure, whether we're worried about the fbi being supported. it's all affected by sequestration. the key here is whether or not the republicans will move away from the ideologically rigid position, which has been the grover norquist pledge, which most of them signed, that they will not
Current
Nov 26, 2012 3:00am PST
of the fiscal cliff. i don't know whether we can count on them to do it or not, but they're working on it. and we have the whole team reassembles here today. peter ogburn. >> hey. >> bill: good to you see. dan henning has been here. >> i been here man. >> bill: checking in on the phones and siprion bolling been here the whole time either. i was in turkey in istanbul. a great, great city. >> i'm going to make the obvious joke that you went to turkey for turkey. >> bill: yes. no turkey. i saw one turkey in the market in a poultry shop in the spice market, a dead turkey so they do exist. but it is a fabulous beautiful, beautiful, city. i have no idea what went on. >> yeah, if you are going to go out of the country like that just clock off. >> bill: well, believe me that's what we family cup finals last night. [ technical difficulties ] >> bill: kongman, jesse jackson, jr. has retired. john stanton will be with us. great lineup today, but first. >> some of the headlines making news on this monday. president obama and his daughter went out on saturday to a block store in arlington, v
CNN
Nov 27, 2012 1:00pm PST
. >>> we're now only 35 days away from the so-called fiscal cliff. deep cuts in federal spending coupled with sharp tax increases by law they take effect automatically and many experts fear will throw the u.s. economy back into a recession. both congress and the white house are trying to make a deficit reduction deal to avoid the financial chaos. and president obama's reverting to some campaign mode right now to try to make sure things are done his way. our white house correspondent dan lothian is joining us now with new information. what are you learning, dan? >> reporter: well, wolf, while senior members of the administration including secretary geithner, chief of staff jack lou also top advisor meeting with -- the president himself trying to sell his vision to the public, but some say it's not a winning strategy. it doesn't take a gps to find the way to the fiscal cliff. much more difficult, finding the off ramp. at the president's first meeting with congressional leaders more than a week ago, there was a sense of optimism. >> my hope is is that this is going to be the beginning of a
Current
Nov 20, 2012 7:00pm PST
. but now with the fiscal cliff looming, lawmakers who were once staunchly against raising revenues seem to be changing their tone a little bit. and grover norquist's influence may be fading fast. >> fewer and fewer people are signing this pledge. >> the pledge is dead. >> i'm not saying it's dead but i am saying the majority of members of congress see the fiscal cliff we want to sit down and we want to get something worked out. >> if you appropriate some of the money you achieved by eliminating deductions and loopholes to the national debt, even though that may technically violate the pledge, sign me up. that's a reasonable accommodation for a republican to make. >> jennifer: for the record, that was senators john mccain and lindsey graham so the question is this grover norquist's last stand? here with an answer is donnie fowler. donnie of course, democratic strategist and great political operative. welcome back into "the war room." is it grover norquist's last stand? >> we can only hope. look, i think republic
FOX News
Nov 26, 2012 12:00pm PST
-called fiscal cliff. president obama expressing optimism they can come up with a deal to prevent automatic spending cuts and expiring tax breaks just into fox, the white house spokesman, jake carney, reports president obama spoke with the house speaker boehner and the senate majority leader harry reid over the weekend. still, concerns of the crisis and the european debt crisis sent stocks down but not precipitously but down. we are seeing signs of progress in washington, dc, with rare bipartisan consensus on raising taxes on the wealthy but they remain at odds over the specifics. in other words, exactly highway do you do it. and mike emanuel is live on capitol hill. the white house is expressing putting pressure on congress. >>reporter: a report on the impact if the bush tax cuts are not extended. the study says the typical middle class family will see taxes go up by $2,200 next year affecting businesses and retailers. the argument is the families will spend less and it will hurt the economy. >> you can see it across housing, and services, and things like paying for cell phone, groceries,
CNN
Nov 27, 2012 11:00am PST
it with me, 35 days to avoid the dreaded fiscal cliff, the huge package of tax hikes and spending cuts set to take effect january 1 if congress and the president do not cut a deal. we're told they have been talking behind the scenes and president obama has already hosted congressional leaders for a post election sit-down. but the president is also launching a new pr effort, a campaign, some are calling it here, starting with the white house meeting today, of small business owners. then tomorrow, the president hosts more business owners and a group of middle class americans who would be hurt if the tax hikes take effect the first of the year. then friday, a campaign style stop in pennsylvania, a toy factory of all places, highlighting the importance of middle class consumers in this holiday season. but back in washington, senate leaders, they are speaking out. you have democrat harry reid saying the president won the election. and it is time for republicans to fall in line. meantime, republican mitch mcconnell not impressed with the president's plans to go back on the road. take a listen. >
CSPAN
Nov 26, 2012 5:00pm EST
year? i was asked if he supports the it -- what did you call them? the fiscal cliff divers? it is our belief in president's belief as being spelled out in the plant today, it would rain damage being done to the economy if we do not extend tax cuts for the middle-class and address the other elements of the fiscal cliff and, more broadly speaking, address our long term fiscal challenges and how the economy creates jobs. we need to get this done and that is what we're working on. >> one more? >> olivier, alexis, april. >> you have said repeatedly "we" have expressed concerns? >> i would refer to the state department. >> were you for warrant that mr. mursi was going to do this? -- were you forewarned mr. morsi was going to do this? >> these are separate issues. we have raised our concerns and that, i think in party answers your question. secretary clinton is focused on working with the president down others, prime minister netanyahu, to help bring about a ceasefire and other allies can be saved and the possibility of moving forward on negotiations for more enduring peace could be realized
CSPAN
Nov 26, 2012 12:00pm EST
- called fiscal cliff. it airs tonight it it o'clock eastern-- a o'clock here on c-span. >> in january, our first week we were sworn into office, the president ask for an increase in the debt ceiling. i made clear at that time there would be no increase in the debt ceiling without significant cuts in spending and changes to the way we spend the american people's money. shortly after that, i was in new york and gave a speech and outlined i thought the spending cuts should exceed the amount of debt limit increase and there should be no taxes as part of this agreement. when you look at what we have been able to achieve, we have met those to standards that have been outlined. the american assistance it is time for america to deal with its spending problem and we made promises to the american people that our kids and grandkids just cannot afford. in addition, we of work with our members and listen to the american people. we have a real interest in making sure we don't get into this spot again. and we ought to have a balanced budget an image to the constitution. i think if you look at the structu
CSPAN
Nov 21, 2012 12:00pm EST
and didn't. >> we weren't going to get the negotiations required to sail off of the fiscal cliff. >> there's the tax hike romney's question i consider them very different projects. obama is trying to put them together. the same way he wants you to -- what i hear is that one or all of them will be sailing off january 1st and the quit jumping medicare because they get 30% less i believe the member is the payroll taxes go up which weeks all the people of that have never heard of the sequester. i am having a very difficult time visualizing with what february looks like when the press gets a hold of this and then all of a sudden we also have the debt limit. i just can't see what we are going to do. >> the debt limit is an additional tool to explain to obama that he isn't the king and like henry viii you have to go to the parliament for money. he might want to nationalize monastery's but i don't think he can get as much these days as back then with that approach so he has to go to the parliament, has to go to congress for the resources for the debt ceiling, for all of these things. and look it w
FOX News
Nov 22, 2012 9:00am PST
the next few weeks with this looming fiscal cliff. rick: i want to talk to you more about the negotiations over the fiscal cliff in a second, but as far as the consumer confidence part of it goes -- >> yeah. rick: -- where do you think that's coming from? is it just because the election's over in people naturally sort of start or to feel a little more confident no matter who wins? >> yeah, that's exactly right. people kind of happy all the negative advertising, i live in virginia, we were just deluged with negative ads against obama and romney and all the candidates for month after month, and now you're getting a little sense of relief that we're back to normalcy. rick: you know, okay. so the role that consumer confidence can play, because i remember talking to you, gee, must have been like 2009, and the president had just taken office, and the economy was really on a downward slide. >> right. rick: and consumer confidence was low, and a lot of people like you said that that was contributing to the slide, the fact that people had such anxiety about the economy. so conversely, if people are
FOX News
Nov 26, 2012 8:00am PST
like spoiled children during fiscal cliff negotiations. while only 28% believe lawmakers can be counted on to behave like responsible adults. chief white house correspondent ed henry has the joy of living and reporting amongst the children. i'm not sure what that makes you but you are a chief white house correspondent so what is the latest? >> reporter: there is a still a little kid in all of us, jenna. the bottom line the negotiations are obviously reefing a critical stage. white house is trading to take advantage of cyber monday, retail holiday today to put out the report you mentioned to suggest retailers will take a particular hit if they face these automatic tax increases and spending cuts that will be kicking in at the end of the year if there is no action by the white house and lawmakers on capitol hill working together. bottom line here, republicans like jeff sessions, the budget chairman in the senate, say they're willing to negotiate on all these tax rates, tax changes, et cetera, but they want to make sure there are spending cuts to go with them. take a listen. >> our democra
CNN
Nov 25, 2012 4:00pm PST
on tuesday. the so-called fiscal cliff is the biggest item that is sitting on the congressional agenda. if president obama and congress don't reach some sort of deal, huge tax increases and spending cuts would automatically kick in january 1. todayself republica selveral red away from a pledge banning tax increases. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, and republicans should put revenue on the table. i want to cut rates to create jobs, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> i agree with saxby chambliss. a pledge you signed 20 years ago, 18 years ago is for that congress. if i were in congress in 1941 i would have signed -- supported a declaration of war against japan. i'm not going to attack japan today. the world has changed. >> does it mean we might be closer to a fiscal cliff compromise? athena jones takes a closer look. >> reporter: that's, of course, the big question here. we know in the meeting the president had with
CSPAN
Nov 27, 2012 12:00pm EST
. >> this weekend talk with oklahoma senator tom coburn about the fiscal cliff, the affordable care act and the future of the republican party on "book tv"'s in depth. the senator written several books and reports including the latest, the debt bomb. join the conversation with calls, e-mails and tweets comements and for doctor, senator tom coy burn. sunday noon eastern on "book tv"'s in depth on c-span2. >>> up next, for-profit practitioners discuss the role of private enterprise in public education. they lose also look at the obama administration approach to education reform. that was hosted yesterday at the american enterprise institute in washington. it is 90 minutes. >> hi. welcome, thanks for joining us. whether you're here at home, hope everybody had a terrific thanksgiving. i know that we're just getting back and, so the energy level is probably going to be, mellow, which we'll make that work for us, since we're going to talk about what sometimes is contentious subject. today's panel is on the question of for-profits and federal education policy. this is a topic that we ad aei ha
Current
Nov 20, 2012 8:00pm PST
're going to talk fiscal cliff in a minute. before we get there this hp thing has me going nuts! it is wall street at its worst. they paid $11 billion then realized it is only worth a bit over $2 billion. you have every major law firm, accounting firm, investment bank involved. are they that blind and dumb still? can you make sense out of this? >> eliot not only can i not make sense of it but one thing does stand out. you've got goldman sachs you've got citigroup kpmg, deloitte, every major law firm, what are they getting paid for? and they're not getting paid a small amount of money. they're getting paid a large amount of money to check out this autonomy. this particular company that is supposed to be -- it is the second largest software firm in europe. the largest software firm in britain. if there is fraud here, if there is some major accounting error why in the world did these firms that are supposed to be doing due diligence on behalf of hp, not find it. and if they didn't find it, what are they getting pai
PBS
Nov 26, 2012 3:00pm PST
-up demand. can we tell yet? >> one thing i'm worried about is the fiscal cliff issue, the tax increases and spending cuts that take place january 1 unless congress and the president reach a deal. businesses have been worried about that for months. maybe consumers are start-- maybe it's starting to creep into their thinking as well. we saw a weaker consumer sentiment number last week. that's thing to watch to worry about as we wonder what the holiday season will be like. >> brown: nariman behravesh, is it strange or do things really change? on the one hand, we want people to get out and spend, but on the other hand, we still talk about over-spending and spending money people didn't really have was part of the problem that got us into this state in the first place. so what's-- that sounds like a little bit of a disconnect. where are we on that? >> well, i think neil is right in saying consumer finances are in much better shape right now. so in that sense, the kind of spending we're seeing now is more sustainable. it's healthier in a sense. debt levels are down. people are not taking, say,
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